M&A Advisory – management advisory
Prism Healthcare
I would like to thank Gary and the team at FRP Corporate Finance for their support on such a landmark deal – we’re excited to embark on a new chapter for Prism Healthcare, whilst continuing to support our customers and their clients in homecare, long term care and the paediatric market by making care easier.
FRP Corporate Finance advised Prism Healthcare’s management team on strategic sale. Background Headquartered in Wakefield, Prism Healthcare manufactures and supplies a broad range of products and services to health and care providers across the UK, and internationally through a network of distributors. The company employs more than 650 people, and its portfolio includes safe patient handling, bathing, accessibility, and pressure area care products. Over the last three years, Prism has consolidated its position as a market leader, with four acquisitions enabling it to double in size. FRP Corporate Finance was appointed to advise the management team when existing investor Limerston made the decision to sell. Action FRP Corporate Finance’s team advised Prism’s five-strong management team on a deal that saw Charme Capital Partners become the business’ majority investor, supported by Prism’s existing investor, Limerston Capital. The management team retains a stake in the business as part of the deal and will continue to lead the day-to-day running of the company. Outcome With the support and investment of Charme Capital Partners, Prism will now drive further organic expansion through the continued development of its offering and further investment in its IT and manufacturing capabilities. It will also continue to explore complementary acquisitions to drive growth both in the UK and internationally. Commenting on the deal, FRP Corporate Finance Director Gary Hyem said: “I’ve worked closely with Prism Healthcare and the management team for over 15 years, and it has been great to support them on such a huge growth journey. I’m looking forward to seeing where the company goes next as it continues to drive expansion both at home and overseas.”
Paul Morton Prism Healthcare
Gary Hyem Director Corporate Finance Birmingham +44(0)7787 151 727 gary.hyem@frpadvisory.com
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